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Tuesday, April 18, 2006

Big quake, tiny bank change course of consumer lending

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After the 1906 earthquake, most banks sealed up their vaults fearing their money would burn. But Bank of Italy founder "A.P." Giannini carted his money down to the wharf, slapped a plank across two pickle barrels and handed out loans. Or so the legend goes. Amy Scott reports.

Photo: Mario Tama © Getty Images

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